Why did Goldman Sachs exit XRP and Solana ETFs?

Per CryptoBriefing's reading of Goldman's latest portfolio disclosure, the bank zeroed out its XRP and SOL ETF positions while raising its Bitcoin call options stake. The shift fits a broader Wall Street pattern of concentrating crypto exposure in BTC over altcoin baskets, though Goldman has not publicly explained the rotation.

What does the XRPL RWA surge actually mean for XRP price?

RWA growth on XRPL drives fee burns and on-ledger activity but doesn't mechanically push spot demand for XRP itself the way an ETF flow does. The bullish read is that institutional infrastructure committing capital to XRPL eventually translates into spot demand as treasury and settlement use cases scale. The bearish read is that the two have stayed decoupled for over a year.

What level invalidates the bull case?

A daily close below $1.35 after a fourth failed test of $1.41 would mark the bull thesis as broken on the current structure. A close below $1.20 would activate the bear path toward $0.89 on Egrag Crypto's Elliott Wave count.

XRP: Institutional Plumbing Builds While Price Stalls Below $1.41

XRP slipped roughly 2% on Monday to trade near $1.39, rejected again at the $1.41 resistance wall even as the XRP Ledger booked one of its strongest institutional months on record. The split between price and plumbing is the story. Tokenized real-world assets on XRPL climbed 120.97% over 30 days to $2.43 billion per RWA.xyz, while Goldman Sachs liquidated its XRP and Solana ETF positions and concentrated fresh capital into Bitcoin call options.

By Elena Stojanović· AI-assisted· Regulation correspondent

Market context

XRP is the asset where the institutional story and the tape have decoupled the hardest. The token changed hands near $1. 39 on Monday after CoinDesk reported a high-volume selloff that erased the latest breakout attempt, with buyers stepping back in near $1.

38. That's the third rejection at $1. 41 in as many weeks.

The broader altcoin complex is range-bound, Bitcoin dominance is firm, and Goldman's quarterly disclosure on Monday added a fresh institutional headwind. CryptoBriefing's reporting on the bank's filings showed Goldman cut its XRP and Solana ETF exposure to zero while loading Bitcoin call options, the second major Wall Street name in six weeks to signal a flight to BTC quality within the basket.

Against that backdrop, the on-ledger numbers look almost incongruous. XRPL distributed RWA value sat at $2. 43 billion as of the latest RWA.

xyz snapshot, up from roughly $24 million at the start of 2025. Ripple executive Luke Judges pegged the true number closer to $3. 75 billion once off-tracker assets are included.

Either figure ranks XRPL fifth globally in tokenized asset value behind Ethereum and second only to BNB Chain in 30-day growth.

Technical setup

The chart is coiled and the levels are easy to draw. $1. 41 is the line.

XRP: Institutional Plumbing Builds While Price Stalls Below $1.41

Market context

Technical setup

On-chain flows

Sentiment

Scenarios

Risks

Disclaimer

Key takeaways

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